Home News Page 2

News

Risk, volatility return as metals market fractures

Commodity markets would become less uniform in their influences as supply factors muddled delivery patterns, said Kevin Norrish of Barclays Research.

Zimbabwe gives Rio ‘part approval’

Rio Tinto's Murowa diamond mine in Zimbabwe says it has been given "part approval" for its plan to comply with indigenisation legislation.

More cash as SA gold firms make “final offer”

South African gold producers promise to pay R12,500 and R13,200 per month for entry-level workers in three years as a key concession in its "final offer".

Trans Hex in another Angolan deadlock

JSE-listed diamond producer Trans Hex’s latest standoff with an Angolan partner centres on expansion funding for its remaining operating asset in that country.

Kumba marks out cost battle for 2013

The 2013 financial year will be one of cost containment at Kumba Iron Ore which said that an increase in waste mining will be a major challenge.

Firestone, Sekoko funding in-tact

Funding for the Sekoko Resources, Firestone Energy coal project in the Waterberg had not been withdrawn, Firestone Energy said.

Xstrata dismisses Glencore bid rumours

Xstrata has never been approached by its biggest shareholder, Glencore, with a merger proposal, says CEO Mick Davis.

Brown ‘stunned’ as Kasukuwere stands by demands

Impala Platinum CEO, David Brown, admits being stunned by Zimbabwe minister Saviour Kasukuwere’s demands that the firm dispose of its shareholding in Mimosa Platinum.

Tough times at the face

New entrants to South Africa's coal sector had a bucket of cold water thrown over them at the recent Coaltrans South Africa conference.

ArcelorMittal SA seeks quick end to price row

ArcelorMittal South Africa seeks a quick end to a price row with Kumba Iron Ore and maintains a focus on growing in Africa.